Motsepe loses top spot on SA rich list

The collective wealth of the top 20 grew 8,6 percent over the previous year and saw Shoprite's Christo Wiese knocking mining magnate  Patrice Motsepe off his perch as the richest South African.

Wiese's assets were worth close to R27,5 billion at the end of March, compared with R15,2 billion at the same time last year._This is despite a slightly smaller share portfolio -Wiese sold his stake in investment business PSG in a cash-and-share-swap deal with Steinhoff.